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FBS
Rating: Rated with 2 stars
Binary Option Programs Award
Min. Deposit
$1
Min. Investment
Regulated Broker
Yes

FBS Forex Broker Review

  1. FBS

    Founded in 2009, FBS is a leading regulated, Forex and cryptocurrencies broker with numerous international industry awards for excellence. FBS offers trading on the popular MT4 and MT5 suite of platforms from all devices, for multiple account types including a low risk, $1 deposit ‘Cent’ account for ‘newbies’. Not only does FBS provide the highest leverage on the market, up to 1:3000 and free deposit insurance, but lucrative promotions, bonuses and contests are a central feature.  Whilst FBS provides trading in 190 countries, customers in South Africa and Asia make up a large proportion of the 8 million traders that have joined the ‘big international and successful family’ at FBS.

    FBS Trading Account Types

    Customers in South Africa and across the globe, can choose from six diverse trading accounts, each with a package of benefits tailored for the individual needs and goals of the clients at FBS. We saw that free deposit insurance is offered to traders with Cent, Micro and Standard accounts.

    Notably, traders can insure from 10% to 100% of their account balance by completing the specified trading volume to qualify for the break-even, ‘loss-free’ trading promotion at FBS.

    Moreover, at the time of writing this review, a welcome bonus of $50 was offered to traders setting up an account, before making a real money deposit. Surprisingly, leverage provided by FBS of up to 1:500, gives traders an opportunity to trade with more than the $50 bonus, boosting potential profits. We were impressed to see that profits up to $500 made with welcome bonus, can be withdrawn from a funded trading account, after two lots have been traded.

    Additionally, a free unlimited, Demo account is offered to all clients opening a trading account with FBS, providing virtual funds for risk-free practice trading on the MT4 platform.

    Become a VIP Client at FBS

    All traders who have deposited $10,000 to their trading accounts and traded 50 lots, are immediately given VIP client status by FBS and exclusive advantages. These include an account manager speaking the client’s preferred language, priority processing of deposits and withdrawal requests, a VIP certificate and gifts on special occasions.

    FBS Cent Account

    • Minimum first deposit $1
    • Floating spreads from 1 pip
    • 0% trading commission
    • Maximum leverage 1:1000
    • Up to 200 open positions and pending orders permitted
    • Order volume up to 1000 cent lots
    • STP market execution from 0.3 seconds
    • Swap free trading available
    • Free funds insurance
    • 5 digits quotes

     

    FBS Micro Account

    • Minimum first deposit $5
    • Fixed spreads from 3 pips
    • 0% trading commission
    • Maximum leverage 1:3000
    • Up to 200 open positions and pending orders permitted
    • CopyTrade function available on MT4
    • Order volume up to 500 lots
    • STP market execution from 0.3 seconds
    • Swap free trading available
    • Free funds insurance
    • 5 digits quotes

     

    FBS Standard Account

    • Minimum first deposit from $100
    • Floating spreads from 0.5 pips
    • 0% trading commission
    • Maximum leverage up to 1:3000
    • Up to 200 open positions and pending orders
    • Order volume up to 500 lots
    • CopyTrade function available on MT4
    • STP market execution from 0.3 seconds
    • Swap free trading available
    • Free funds insurance
    • 5 digits quotes

     

    FBS Zero Spread Account

    • Minimum first deposit from $500
    • Fixed spreads from 0 pips
    • From $20 per lot trading commission
    • Maximum leverage up to 1:3000
    • Order volume up to 500 lots
    • Maximum of 200 open positions and pending orders
    • STP market execution from 0.3 seconds
    • 5 digits quotes
    • Swap free trading available

     

    FBS Unlimited Account

    • Minimum initial deposit $500
    • Floating spread from 0.2 pips
    • 0% commission
    • Maximum leverage up to 1:500
    • No limits on open positions and pending orders
    • Order volume up to 500 lots
    • Swap free trading available
    • 5 digits quotes
    • CopyTrade function available on MT4
    • Momentary, STP market execution

     

    FBS ECN Account

    • Minimum initial deposit from $1,000
    • Floating spreads from -1 pips
    • $6 commission
    • Maximum leverage up to 1:500
    • No limits on open trading positions and pending orders
    • Order volume up to 500 lots
    • 5 digits quotes
    • ECN market execution

     

    FBS Promotional Offers

    Traders in South Africa and other countries, have access to promotions, bonuses and competitions at FBS that are prolific and varied. At the time of writing this review we saw a long list of promos including a no deposit welcome bonus of $123, competition to win a car, cash back offer and an FBS lucky T-shirt offer. Importantly, all promotional offers have strict terms and conditions attached that should be read carefully in the ‘personal area’ of the account page, before accepting. Typically, traders must execute a specified trading volume in a given time, before withdrawing profits generated with the bonus money.

    FBS Trading Software

    Traders at FBS can choose between the MetaTrader4 and the more sophisticated MetaTrader5 suite of trading platforms. Importantly both MetaTrader platforms offer numerous advantages, including trading without deviations and with a wide range of leverage. Both the MT4 and the MT5 platforms are available as secure download platforms for Windows on desktop computers. Additionally, as browser-based WebTraders, and mobile trading platforms for iOS and Android operated devices. The dedicated mobile apps are available for free from the Apple App Store and from Google Play.

    All FBS traders have access to market orders, limit orders and stop orders (including trailing stop orders). Furthermore, a select choice of trader tools and market analytics are provided by FBS on the dashboard of the website. These include central bank rates, Forex calculators, Forex TV, Forex news and daily market analysis.

    All FBS account types, except the ECN account, give access to 35 currency pairs, 4 metals, 3 CFD and 4 cryptocurrencies with instant execution, and no requotes on the MT4 and MT5 trading platforms. We were impressed to see that 95% of orders are executed within 0.4 seconds, ensuring minimum impact of asset price changes on trading decisions.

    FBS MetaTrader4 and MT5 Shared Platforms Features

    • More than 41 tradeable instruments
    • Same login data to enter all platforms
    • One-click trading
    • Live streamed news and updates
    • Low spreads
    • Auto-trading strategies with Expert advisors
    • 50 technical indicators and charting tools
    • 3 chart types
    • Optional micro-lot account
    • Hedging allowed
    • VPS service support

     

    FBS Customer Service

    Traders can contact the live chat helpline directly from the interface 24/7. Alternatively, they can send a message to the support team over ‘Telegram’ or ‘Messenger’ on the contact page and request a call back in their own language. The FBS website is currently offered in 6 European languages as well as 13 Asian languages including Arabic, English, Italian, German, French, Portuguese, Spanish, Chinese, Bengali, Bahasa Malaysia, Bahasa Indonesia, Japanese, Vietnamese, Urdu, Turkish, Korean, Lao, Thai and Burmese.

    Further customer support is offered to clients in South Africa and all over the globe through the vast amount of free educational resources at FBS. Clients can read the Forex Guidebook and tips for traders, take video lessons and seminars, as well as participate in live webinars online.

    FBS Payment Methods

    Customers in South Africa and all over the world, can choose from dozens of secure payment methods listed at FBS in the Deposit and Withdrawal section. The funding methods include the traditional payment methods, Visa and Mastercard as well as the cryptocurrency payment providers, Bitcoin by Skrill and mybitwallet. E-Wallets payment services operating in various regions of the globe are also supported by FBS.

    Most deposits to FBS are free of fees and commissions, however, the fees for withdrawals vary according to the method chosen by the customer. Moreover, the currencies accepted for each payment method are specified on the website and tend to be in EUR and USD. We saw that withdrawals take around 48 hours to process and deliver to customers’ accounts.

    Nevertheless, before withdrawals are processed by FBS, clients are obliged to submit copies of an official ID document along with a bank statement or utility bill, showing the client’s name and address. Importantly, account verification is done in compliance with anti-money laundering regulations and to keep customers’ accounts safe from fraudulent online activity.

    FBS is owned by FBS Markets Inc, number 1 Orchid Garden Street, Belmopan, Belize, CA. The payment agent for FBS Markets Inc is HDC Technologies Ltd, Arch. Makariou III and Vyronos, P.Lordos Center, Block B, Office 203, Nicosia , Cyprus. FBS is regulated by the IFSC in Belize and by the Cyprus Securities and Exchange Commission (CySEC).

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